ABSTRACT
This chapter deals with the moral criteria for designing international financial markets. It deals with the morally legitimate shaping of the international aspect of co-operation in financial markets. The chapter examines the financial institutions and securities markets provide those agents with more money who expect income in the future. The policy of international financial institutions and structures of international market institutions both influence the development processes of the South. The aspect of international economic justice in the focus of our attention can be called the criterion of promoting development, according to which international markets should be shaped in such a way as to promote a pro-poor development of developing countries. The widespread rhetoric of globalisation nurtures the misconception of the global economy as a ubiquitous close-meshed net of interactions incorporating all economic actors worldwide: according to this picture, on global markets, all suppliers of labour, commodities, services or financial assets compete against each other across all national and regional borders.
